Mr. Michael Torpey:

Chairman, I think I'd broadly echo that. I believe that, you know, banks did pay very significant penalties, as you have mentioned, and, indeed, executives did pay material penalties as well. However, there are lessons that have been learnt from the crisis internationally and there has been a very major effort to ensure that interests are aligned, going forward. And I would subscribe to that; I think it's very important that they are. Shareholders in many banks had their shareholding values wiped out, they took a fair share of losses, there's no doubt about that. Banks themselves suffered further penalties and executives in many cases suffered as well. However, the measures that have been taken on the international stage to ensure the alignment of interest, to make sure that both short-term and long-term value is maintained, such that banks continue to act in a way ... or improve their actions in a way that will support the medium and long-term development of economies are very important.